Replies to post #6864 on Atlantic Power & Infrastructure Corp. (AWSL)

[Gilda99]

SW, I agree with you about the AWSL financials and I haven't even seen them!

Perhaps we can agree that 150 times book value is a very rich multiple and that a $68 million market cap for a startup company with no income; that is unable to generate financial statements in less time than it takes to have a full-term baby from inception is likewise a rich market cap even at a modest $1.54 per share? We'll see once the 2009 audit report and the 2010 interim financial statements are published.

At the end of the day, I want what every investor is entitled to - except apparently here on the pink sheets: credible, timely financial statements with full financial disclosures - end of story! There should be no compromise when it comes to management's obligation to produce timely financial reporting; it's simply good corporate governance.

I've waited nearly a year to see AWSL financials that were not created in "Disney World," so I'm anxious to read the CPA's opinion letter and the financial footnote disclosures. You see, I believe that the Company's chances for success are not mutually exclusive from its financial health and that's difficult to glean from press releases and message board hype...

Gilda

[Gilda99]

Just treading water waiting for the financials, the contracts, the S-1 filing, the construction, etc. when I noticed this post from an old friend:

gilda, i doubt the company has "healthy" financial statements...its a start up , don't you remember ?...but it appears they have a lot of revenues lined up, so eventually the financials will be healthy....but whatever the case, they would never be good enough for you anyways.

I learned a lot about the Company and the industry from my old friend, SW, and apparently he agreed with me about the status of the Company's financial condition way back in October. However, I take exception to the statement that the Company's financials would never be good enough for me, since I ask for nothing more than management's diligent effort to report: (1) timely financial statements, and (2) in a credible manner. To date, management has failed on both counts.

With the 2009 audit report apparently in hand, management still refuses to honor its obligation to its shareholders by releasing the audit report about the Company's financial condition - albeit nearly 15 months late. Perhaps it's time for another "pacifier" stock dividend... or better yet, for a management team with some credibility.

IMHO, shareholders usually get the quality of management that they deserve and demand. Suffice it to say that this Company's long-term objectives are jeopardized by its "pink sheet management."

Gilda